Our house is on fire. Join the resistance: Do no harm/take no shit. My idiosyncratic and confluent bricolage of progressive politics, the collaborative commons, next generation cognitive neuroscience, American pragmatism, de/reconstruction, dynamic systems, embodied realism, postmetaphysics, psychodynamics, aesthetics. It ain't much but it's not nothing.

Saturday, January 16, 2016

Senator Warren on the Goldman Sachs settlement

Following up on this post, following is Senator Warren's FB response. The
progressive hope is that Sanders gets the nomination and chooses her as
his running mate. Then they not only win the White House but bring back
Congress to the progressives on their coattails.

"In the 2008 financial crisis, we lost trillions in wealth and
millions of people lost their homes and their jobs because of Wall
Street recklessness. Today, Goldman Sachs announced it will pay $5.1
billion for its role in precipitating the economic collapse by
misleading investors about the quality of the junk mortgage securities
they peddled. Seven years later. No admission of guilt. No individuals
are going to jail. A payment that’s barely a fraction of the billions
investors lost – and the trillions our economy lost – because of this
fraud. And over half of it could be tax deductible! That’s not justice –
it’s a white flag of surrender.

"It’s time to end this farce.
These companies think they’re above the law – and too many government
officials go along with them. A first step would be to pass the
bipartisan Truth in Settlements Act to shine more light on these
backroom deals. A second step would be to get government officials who
have the backbone to fight back."